Edward Conard

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St. Louis Fed Reminds Us That Work Effort in Europe Has Declined Steeply

St. Louis Fed economist Paulina Restrepo-Echavarria reminds us that work effort in Europe has declined steeply. Ed Prescott and others conclude, “tax rates alone account for most of the…differences in labor supply for the major advanced industrial countries.”

St Louis Fed Reminds Us That Work Effort in Europe Has Declined Steeply

 

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